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Gevaplast

Active
Public limited companyfounded 1968active for 58 yearsIndustriepark-Drongen 22, 9031 Gent, BelgiumKBO/BCE: BE 0401.073.422
Summary

Gevaplast has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.2m and a net result of €1.3m. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 43% of 186 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
GevaplastActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of rubber and plastic products
NACE 22210Manufacture of rubber and plastic products NACE 22220
Fastest staff growth in East Flanders, Rubber and plastics sector2 sites
Size
€27.6mtotal assets 2025
Staff
20 FTE
Equity
€11.2m
Profit
€1.3m
Net result -79%: other schema
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Pacific Invest · 100%
Holdings
9
2025 accounts 24 days early8 deeds in the Belgian Official Gazette
Why 88raises riskLiquidity: current ratio 0.56, cash €1.0mSector: Manufacture of rubber and plastic products (NACE 22)lowers riskFounded in 1968Size: 20 FTE, total assets €27.6mShow the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 22, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 66-7
equity 40.7% of total assets
Liquidity 46-5
short-term debt 24.4% · cash 3.6%
Profitability 63-37
return on assets 4.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (161 companies, NACE 22, small)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025 07-2025: 1.2%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -1.0 percentage point vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €950,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.56, compared with 0.78 in 2024, below 1; short-term debt: 24.4% and cash: 3.6% of total assets), and 59.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small): better than 41% on solvency, 49% on liquidity, 44% on profitability and 72% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.56, cash €1.0m
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 20 FTE, total assets €27.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of rubber and plastic products (NACE 22)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 days early
2024
20 days early
2023
29 days late
2022
11 days early
2021
23 days late
2020
31 days late
2019
56 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Equity above €10mequity €11.2m ▲12.8%
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: Result fell in 2025different schema filed ▼ 78.8% View
  • Positive: Fastest staff growth in East Flanders, Rubber and plastics sectorin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €1.3m 8 years View
  • Controlled by Pacific Investultimately: SUSTAINABLE DEVELOPMENT GROUP 100% View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Total assets
€27.6m
Profit
€1.3m
Solvency
40.7%
Go to Financials

Network & group

Group
SUSTAINABLE DEVELOPMENT GROUP
Subsidiaries
8
Direct holdings
9

9 holdings

Go to Network & group

Timeline

Events
52
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 31-12-2024Equity above €5m
  3. 29-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22210
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Gevaplast

What is the company number of Gevaplast?
0401.073.422. In Belgium the VAT number is the company number with BE in front: BE 0401.073.422.
Where is Gevaplast based?
The registered office is at Industriepark-Drongen 22, 9031 Gent.Company details
What does Gevaplast do?
According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
What is the legal form of Gevaplast?
Public limited company (NV).
When was Gevaplast founded?
On 01-01-1968.
Is Gevaplast still active?
Yes, Gevaplast is an active enterprise in the KBO register.
How many employees does Gevaplast have?
On average 20 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Gevaplast?
€6.0m in financial year 2024, according to the filed annual accounts.
Is Gevaplast profitable?
In financial year 2025, Gevaplast made a profit of €1.3m.
Where can I find the annual accounts of Gevaplast?
Gevaplast filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Gevaplast due?
By 31-07-2027, for financial year 2026.Timeline

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